Cork Chamber urges Government to deliver funding for financial services in the south-west

Fri, 03 Nov, 2023 - 17:30

Cáit Caden

Cork Chamber has urged the Government to deliver financial services for the south- west at an event attended by the Finance Minister Michael McGrath.

At the Cork Financial Services Forum, the group said the sector is growing rapidly in the south-west, especially with the availability of UCC and MTU business faculties, but more infrastructure funding is needed to fuel expansion further.

“It is vital the Government commitments made in the national and local development plans are delivered upon in order to truly support the private sector investors,” said Cork Chamber CEO Conor Healy.

“Investment must continue in our housing, education, and other infrastructure if we are to enhance the accessibility and attractiveness of the region in order to maintain and grow our reputation as a top-class location for quality of life,” he said.

There are over 52,800 people working in the sector across Ireland and more than 70 financial services firms are based in the south-west.

“A key element of Ireland’s financial services (IFS) offering internationally is a demonstrable ‘all of Ireland industry’ and that is why we have a focus on growing the IFS industry in the regions,” said Mr McGrath.

Cork Financial Services Forum was established in 2008 to drive the advancement of the financial services industry and the development of economic growth in the region.

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